Examples Of Digital/Traditional Enterpreneurship

Examples of digital/Traditional entrepreneurship? 

There are numerous entrepreneurs who have shown the world remarkable digital evolution for success Below mentioned are some notable examples of digital entrepreneurship in detail:

 1:  Baqar Jafri is a financial journalist and a tech entrepreneur who has graduated from the Institute of Business Administration with a BS degree in Economics and is one of the top entrepreneurs in Pakistan. He plays significant role in providing people with exact direction about investment in the stock exchange. He is the CEO of 'Investor Longue, a platform that helps people to make easier investment decisions. The startup is also very helpful for beginner entrepreneurs to take positive steps and invest in profitable categories on the stock exchange.

2: Nabila Maqsood is currently amongst the top rank entrepreneur in Pakistan. She is a talented and hardworking makeup artist who started her first salon in 1986. At that time, she did not receive much appreciation, but currently, she is well known and on the top of the list in the fashion industry. With her stepping into the fashion industry, she has brought many innovations. The startup she has established from her servant quarter and cutting the hair of her friends and family members has become a famous brand. Nabila Maqsood has also started her makeup brand named ZERO Makeup.

3: Elon Musk is a true genius, and only a fool will deny this fact. He is a visionary genius who first created online Payment Network "PayPal" that changed digital payments landscape. This platform was sold to eBay for US$ 1.5 billion proving its worth to the world. Elon Musk has also completed other ventures like SpaceX and Tesla that make him one of the most completed entrepreneurs of all time. 

4: A renowned name on the list of successful entrepreneurs in Pakistan is Noman Sikandar, founder of Foodpanda. He completed his master's degree in business administration from Lancaster University. He was also the founder of Eat Oye.Foodpanda is a famous and valuable food delivery mobile application, Startups have the status of the most successful and perfect services nowadays. However, he has started the journey with his partner from three tables. He is nominated for the best entrepreneur in Pakistan for his persistent struggle.

5: Usama Arjumand is the Founder & CEO of Shopsy.pk-a shopping search engine powered by machine learning and Al. The eCommerce platform offers over 8 million products from 300 online stores and serves over 1 million monthly visitors. Shopsy is currently one of the top 5 most visited shopping platforms in Pakistan. Usama started his career journey in the United Kingdom more than a decade ago, graduating from the University of Nottingham in 2008 with a BEng in Mechanical Engineering. He has extensive experience in building business ventures and is also currently the Director of Gallery 6, the largest private art gallery in Islamabad. His venture prior to Shopsy, a global marketplace for art, was acquired in the UK.

Differences in Traditional Business and Digital Busness

Traditional business has a physical presence. It serves people locally by providing services or products. People themselves visit locating the stores whereas talking about e-commerce business, people in any corner of the world can scroll through the web and find the store They can shop at any time of the hour and receive the products and services easily Various companies providing digital marketing services are making the best use of this new business trend. For the entrepreneurs, who are confused to decide between traditional and digital business must know their differences. Knowing these differences will surely help one to decide. It is because different businesses are suited to different types of markets. Some may want local customer to attract while some wish international customers depending on the size and type of the organization. Here is a comparison between traditional and digital marketing.

 Overhead costs 

E business generally has less or no overhead cost: because they do not need to have a physical site to sell their product and services. They have a web presence and so people can reach them through internet. People involved in trai litional business have location, find a place to set and then rent it. For to select a prime traclitional businessmen, the costs do not end up till renting the business. They also need online presence and that cost cannot be eliminated. They have to seek help from digital world like SEO services or paid services to attract the target customers.

 Convenience to the customers

 The competition is undoubtedly in the favor of e-commerce shopping because of customer's reliability. Shopping sites such as-Amazon, Flipkart and Myntra have replaced

the thoughts of people getting out of their houses in search of quality products. However, there are a bunch of people who still prefer live shopping to physically examine the product before purchasing.

 Marketing programs 

There is no doubt in the fact that digital businesses need to have more budget to spend in their marketing programs where in traditional business have limited budget and limited options. Marketing programs in digital world include blogs, attention to social media, content ads etc. Traditional marketers very often take help of this business transformation. They also have to take care of the other modes of marketing such as newspaper ads and pamphlets.

 Reputation in front of the customers 

No matter how hard e commerce business is working to shine bright, but in terms of reputation, traditional marketers are ahead till date. It seems to be more reliable to the people in terms of the product quality Traditional marketing exists for more than a century now so people still trust traditional marketing most of the times. Reputation would build up with time and consistency of the brand in case of both digital as well as traditional business set ups. 

Time and reliability 

When it comes to save time and money in this fast life, e commerce businesses are preferred by people. People can shop in their workplaces by just going through it and make easy transactions. Be it debit, credit, net banking or cash on delivery option. The services are available 24" 7 and so you can shop your favorite items even in the odd hours. There are easy returns and exchanges without any questioning With the much of reliability, people are loving e-commerce and other web services. So, these were some of the prominent differences between traditional and digital business These differences surely do not uplift any of the two but it clearly tells the nature of both kinds of businesses.